The Senate Banking and Insurance Committee met October 15, 2012 and reported the following bill:

The Senate Banking & Insurance Committee met October 2, 2012 and reported out the following bills.

As Committed

House Bill 2369 (Payne): Amends the Department of Banking Code providing for greater public disclosure and enforcement by the Department of Banking and clarifies that the department has examination authority over bank subsidiaries.

House Bill 2370 (Truitt): Amends the Loan Interest and Protection Law further providing fro residential mortgage interest rates and for effect on inconsistent acts.

The Senate Banking and Insurance committee met Wednesday, June 20, 2012, and reported out the following bills:

As Committed:HB 532 (Saylor) – This bill requires that every health insurance policy must provide coverage for general anesthesia and associated costs provided to an eligible individual. The bill was unanimously reported

As Amended:SB 1193 (Ward) – This bill provides for the licensure of persons providing debt settlement services. Senator Ward offered Amendment A11669, which adopts the FTC debt settlement rule into Pennsylvania Statute, creates a licensing process for debt settlement providers, and allows for licensure in other states to be presented to the Pennsylvania Department of Banking to meet registration requirements. The amendment was approved and the bill was unanimously reported.

The Senate Banking & Industry Committee met April 2, 2012 and reported out the following legislation:

As CommittedSenate Bill 1464 (D. White): Enable the Insurance Department to better assess the “enterprise risk” within a holding company system and its impact upon insurers within that group.

Senate Bill 1096 (D.White): Amends the Insurance Company Law further providing for surplus lines insurance.

The Senate Banking and Insurance Committee met April, 12, 2011 and reported out the following:

The nomination of Glenn Moyer as Secretary of Banking

Senate Bill 118 (D. White)- provides an alert for the Insurance Department to identify when a company is having financial problems and allows the department to work with the company to prevent a financial insolvency.

The Senate Banking & Insurance Committee met today and reported out the following bill as amended (12-2):